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20121207
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clinton. charles crowd hammer says president obama likes those tax rates so much let's let him live with them for everybody. >> what he will say is i wanted to do legislation to exempt the middle class, but the republicans wouldn't give me the bill. he is prepared, megyn, bluntly to sacrifice the interest of the larger whole to win a political fight. when i was working for clinton we did a deal with gingrich. there was never ever a sense that we would put politics ahead of getting a balanced budget. we got it, we won the election and this president is putting politics ahead of everything. megyn: if republicans give president obama the tax rates on the rich what do they have to negotiate with? why would they do it? >> i think president obama has the winning hand. >> he does. >> i'm not sure in the long term -- if there is a recession, either there won't be a recession or there will and the republicans will get the blame. that's and high wire act to do at this point. it's very risky from this kind of elect to take this. he could get 85% of what he wanted -- >> he's also gambling on on
check. do people agree with the obama administration, this threat of going off the cliff if rates aren't reached. here's what nancy pelosi had to say about geithner's remarks. let me play it. >> if there is no agreement, then the fiscal cliff has to be dealt with. i didn't see it if they decent this, we do that. i saw it as a statement of fact. it's not a threat. it's a prediction. if there's no agreement, we go over the cliff. let's hope we can have an agreement. >> what do you make of the way she put it? it's not a threat. she said, listen, these are the facts. >> nice little economy you have there. nice little economy you have there. it would be a shame it if anything happened to it. that's not a threat. look, we have to start looking at what happens if we do, in fact, go over the so-called cliff, and what happens is, you know, one thing is we take a huge bite out of the deficit. we do it in a crude may, and there would be immediate attempts to fix it and fine-tune it and take some back. some would probably get through. if you actually want to look at it from a policy standpoint, it
. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what the election was about. republicans want to play the game where they think they get something. at the end of the day they lose worse if we go over the cliff. >> that's an interesting insight because you have alan simpson on the "today" show asked dp one side is a winner or los
they should join president obama to extend the tax rates for the highest income earners the law professor john buckley looks at the history of the tax, plus your e-mails, phone calls, and tweets. in a few moments, a forum on energy security. in a little less than an hour and a half, 20 years since russia and the u.s. agreed to secure and nuclear weapons in the former soviet states, and a look at proposals but could be negotiations over the fiscal cliff. >> we are at the new york state museum. this is dedicated to the history of september 11 and the attacks at the world trade center. we have established the gallery to tell the story of the first moments of the attack using photographs from the world trade center site. there is a piece of steel. we put it in a place where the public can come and touch it. it gives a tangible experience. this is a piece of steel from the north towers. this is a dramatically bent piece of steel. this is within 10 floors of the impact, and you can see the openings with this piece of metal strips that would have held aluminum. every piece of steel marks which side o
of looking like they're defending, keeping the current tax rates for the wealthy. end of the day president obama is selling a simple message, i want to keep taxes low for middle-class americans and republicans look like -- i'm worried are in the position offiof ing -- looking as fe the don't care about middle class. >> joining us is the sage of capitol hill, boat shoe enthusiast and celebrity doppelganger, nbc's luke russert. >> good day. happy monday. >> thank you, luke. it's an exciting time on capitol hill my friend. i want to focus first on the gop. is the party coming together, coalescing around something, anything, relating to the fiscal cliff? >> well, i think they're coalescing around anything it's for speaker boehner to continue the negotiations and not give a single inch. the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, he
to understand is that tax rates are going up on january 1 within obama care. so we're talking about almost a trillion dollars of increases in taxes and fees. >> let's not talk about the democrats for a moment. let's not even talk about what the president's put on the table. let's talk about the republicans. give me specific cuts that republicans would be behind. because we're really short on specifics from the gop. lay out for me, here's what we're willing to cut in terms of entitlements. put it on the table. >> look, there's been a plan in terms of indexing the increases. we are going to have to find a way to reduce the gap between how much medicare costs per person and how much we pay. because it's not going to last. it's going to go broke. >> so let me bring in nan for a second, then. forgive me for cutting you off. tick off for me. as you know, one of the biggest criticisms from the dems, the republicans as much as they're flabbergasted and shock and amazed and -- >> of course we are, dosoledad. the simpson/bowles commission 3-1 expenses to taxes. the plan president boehner sent at 2-1
impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the last minute deal that's where you find wiggle room. >> i guarantee you there's guys in boehner's camp that are ready to go over, too. >> but he's been moving to marginalize those peel. this is his way of taking control of the party. >> the question is why do they care where the money comes from. if you have a revenue target, then fine. but we need $800 million in revenue. john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be wea
Search Results 0 to 6 of about 7